why the principles of Management Accounting are essential for hotel managers to plan for an uncertain future due to the COVID-19 pandemic.
Instructions
Please help me with the final assignmentbecause it counts 50% of my final grade as have to choose three or four principles of Management Accounting from the list then define as well as explain their importance for decision making in relation to the current COVID-19.crisis.I will send you the assignment brief and all my lecture slidesthank you so much.
Answer
Principles of Management Accounting in Hotel Planning in the times of Covid-19IntroductionCrisis management has become a considerable perspective in contemporary business. The knowledge and preparedness of an organization's administration for potential emergency assumes a vital role in the prevention and effective crisis management during and after an emergency (Reid, 2000). Since its outbreak in December 2019, Covid-19 is having an unprecedented impact on the global economy, and its full fallout is unknown as the ultimate scale of the outbreak is yet to be determined. The primary aim of this report is to explore the essentiality of principles of management accounting for hotel managers in the planning of an uncertain future due to the Covid-19 pandemic.Principles of Management AccountingM...
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